Teachers Advisors LLC Increases Holdings in Arlington Asset Investment Corp (AI)

Teachers Advisors LLC raised its stake in shares of Arlington Asset Investment Corp (NYSE:AI) by 15.1% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 41,993 shares of the financial services provider’s stock after buying an additional 5,510 shares during the period. Teachers Advisors LLC owned about 0.17% of Arlington Asset Investment Corp worth $574,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in AI. Vanguard Group Inc. grew its position in shares of Arlington Asset Investment Corp by 12.1% during the 1st quarter. Vanguard Group Inc. now owns 1,093,596 shares of the financial services provider’s stock valued at $15,453,000 after acquiring an additional 118,288 shares during the period. Geode Capital Management LLC grew its position in shares of Arlington Asset Investment Corp by 14.3% during the 1st quarter. Geode Capital Management LLC now owns 185,793 shares of the financial services provider’s stock valued at $2,625,000 after acquiring an additional 23,312 shares during the period. Neuberger Berman Group LLC grew its position in shares of Arlington Asset Investment Corp by 1.5% during the 2nd quarter. Neuberger Berman Group LLC now owns 132,000 shares of the financial services provider’s stock valued at $1,804,000 after acquiring an additional 2,000 shares during the period. Prudential Financial Inc. grew its position in shares of Arlington Asset Investment Corp by 7.8% during the 2nd quarter. Prudential Financial Inc. now owns 124,804 shares of the financial services provider’s stock valued at $1,706,000 after acquiring an additional 9,000 shares during the period. Finally, Parametric Portfolio Associates LLC grew its position in shares of Arlington Asset Investment Corp by 116.5% during the 1st quarter. Parametric Portfolio Associates LLC now owns 109,984 shares of the financial services provider’s stock valued at $1,554,000 after acquiring an additional 59,175 shares during the period. Institutional investors and hedge funds own 38.58% of the company’s stock.

Arlington Asset Investment Corp (NYSE:AI) opened at $11.16 on Friday. The company has a quick ratio of 0.04, a current ratio of 0.05 and a debt-to-equity ratio of 0.19. Arlington Asset Investment Corp has a 1-year low of $10.93 and a 1-year high of $17.13.

Arlington Asset Investment Corp (NYSE:AI) last issued its earnings results on Tuesday, October 24th. The financial services provider reported $0.52 earnings per share for the quarter, topping the consensus estimate of $0.37 by $0.15. The company had revenue of $14.87 million during the quarter, compared to the consensus estimate of $20.17 million. Arlington Asset Investment Corp had a negative net margin of 27.20% and a negative return on equity of 8.36%.

The company also recently announced a quarterly dividend, which was paid on Tuesday, October 31st. Investors of record on Friday, September 29th were issued a $0.55 dividend. This represents a $2.20 annualized dividend and a yield of 19.71%. The ex-dividend date was Thursday, September 28th. Arlington Asset Investment Corp’s dividend payout ratio is currently -150.68%.

A number of brokerages have recently issued reports on AI. Zacks Investment Research raised shares of Arlington Asset Investment Corp from a “strong sell” rating to a “hold” rating in a research report on Monday, July 31st. BidaskClub raised shares of Arlington Asset Investment Corp from a “strong sell” rating to a “sell” rating in a research report on Saturday, August 5th. ValuEngine downgraded shares of Arlington Asset Investment Corp from a “hold” rating to a “sell” rating in a report on Thursday, July 27th. Singular Research started coverage on shares of Arlington Asset Investment Corp in a report on Tuesday, August 1st. They issued a “buy” rating and a $14.25 target price for the company. Finally, Maxim Group reaffirmed a “buy” rating and issued a $14.00 target price (down previously from $16.00) on shares of Arlington Asset Investment Corp in a report on Monday, July 24th. Two analysts have rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the company. The stock presently has an average rating of “Hold” and an average price target of $13.75.

ILLEGAL ACTIVITY WARNING: This report was published by Transcript Daily and is owned by of Transcript Daily. If you are reading this report on another publication, it was illegally copied and republished in violation of United States and international trademark & copyright legislation. The legal version of this report can be viewed at https://transcriptdaily.com/2017/11/10/teachers-advisors-llc-increases-holdings-in-arlington-asset-investment-corp-ai.html.

In related news, CEO J Rock Tonkel, Jr. acquired 5,000 shares of the company’s stock in a transaction on Friday, November 3rd. The stock was acquired at an average price of $11.00 per share, with a total value of $55,000.00. Following the acquisition, the chief executive officer now directly owns 327,132 shares of the company’s stock, valued at $3,598,452. The purchase was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO Richard Ernst Konzmann acquired 4,000 shares of the company’s stock in a transaction on Friday, October 27th. The shares were bought at an average cost of $11.34 per share, with a total value of $45,360.00. Following the acquisition, the chief financial officer now directly owns 11,457 shares in the company, valued at $129,922.38. The disclosure for this purchase can be found here. Insiders purchased a total of 14,000 shares of company stock valued at $158,660 in the last ninety days. 5.90% of the stock is currently owned by insiders.

Arlington Asset Investment Corp Profile

Arlington Asset Investment Corp. is an investment company. The Company focuses on acquiring and holding a levered portfolio of residential mortgage-backed securities (MBS), consisting of agency MBS and private-label MBS. Agency MBS include residential mortgage pass-through certificates for which the principal and interest payments are guaranteed by a United States Government agency or government-sponsored enterprise (GSE), such as the Federal National Mortgage Association (Fannie Mae) and the Federal Home Loan Mortgage Corporation (Freddie Mac).

Want to see what other hedge funds are holding AI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Arlington Asset Investment Corp (NYSE:AI).

Institutional Ownership by Quarter for Arlington Asset Investment Corp (NYSE:AI)

Receive News & Ratings for Arlington Asset Investment Corp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Arlington Asset Investment Corp and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply